Corner Retail Development
303 Main Street Shippenville, PA 16254
303 Main Street, Shippenville, PA, 16254
$250,000
For Sale
$250,000
SINGLE_FAMILY - Shippenville, PA
Property Size1,728 SF
Lot Size1.00 Acre
Price / SF$144.68
Days on Market178
Property Features for 303 Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- C1 R1
- Parking
- 20
- Standard status
- Active
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 2000
Building Details
- Year built
- 1920
Listing agency
KELLER WILLIAMS REALTY
(412) 831-3800
Listed by
Elaine Shetler-Libent · License #RS313916
(412) 831-3800
Added: Jan 25 Updated: Jun 30 at 8:16PM Checked: Jul 22 at 6:06PM
MLS# 1738126
Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale corner commercial parcel includes a former grocery store building with reported size of 1,728 square feet, positioned on an approximately one-acre lot. The site features a large gravel parking area sized for about 20 vehicles and includes plenty of on-street parking to support customer access and deliveries. Alley access is also noted, providing additional flexibility for future commercial building development. The property is identified as a high-visibility location with a long-standing retail footprint from the prior Shippenville Red & White grocery store use.
The parcel fronts on US-322 (Main St) and PA-208, creating corner exposure. The provided traffic figures show Annual Average Daily Traffic up to approximately 8,600 vehicles per day on US-322 just east of Shippenville and about 3,000 vehicles per day on PA-208 approaching into Shippenville from the west, with other directional counts also listed in the remarks.
With on-site parking, alley access, and established retail improvements, this property can fit retail users, service businesses, franchise concepts, or redevelopment plans. An adjacent, separate 3-bedroom, 1 full bath residence is also described as currently rented, which may support flexibility for buyers evaluating an owner-occupied or mixed-use approach.
The parcel fronts on US-322 (Main St) and PA-208, creating corner exposure. The provided traffic figures show Annual Average Daily Traffic up to approximately 8,600 vehicles per day on US-322 just east of Shippenville and about 3,000 vehicles per day on PA-208 approaching into Shippenville from the west, with other directional counts also listed in the remarks.
With on-site parking, alley access, and established retail improvements, this property can fit retail users, service businesses, franchise concepts, or redevelopment plans. An adjacent, separate 3-bedroom, 1 full bath residence is also described as currently rented, which may support flexibility for buyers evaluating an owner-occupied or mixed-use approach.
Key Highlights
- 1‑acre corner commercial parcel at PA‑208 & US‑322 (PennDOT AADT up to ~8,600 vehicles/day on US‑322 and ~3,000 vehicles/day on PA‑208).
- Large gravel 20‑car parking area plus plenty of on‑street parking for customer, tenant, and delivery access.
- Former Shippenville Red & White grocery store building; 1,728 SF grocery store listed.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $15.96 |
| − Vacancy | −$2.0k | −$1.15 |
| EGI | $25.6k | $14.81 |
| − OpEx | −$6.4k | −$3.70 |
| NOI | $19.2k | $11.11 |
1,728 SF · lease $15.96/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$274.2K
$239.9K – $319.9K
NOI $19,195 @ 7.0% cap · market cap 7.68%
Second Best
Retail
$209.8K
$183.6K – $244.8K
NOI $14,689 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$305.7K
$267.5K – $356.7K
NOI $21,400 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Corner parcel with gravel parking and high AADT volumes from US-322 and PA-208 for retail or service use.
Where is this storefront property located?
The property is located at 303 Main Street Shippenville, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1‑acre corner commercial parcel at PA‑208 & US‑322 (PennDOT AADT up to ~8,600 vehicles/day on US‑322 and ~3,000 vehicles/day on PA‑208).; Large gravel 20‑car parking area plus plenty of on‑street parking for customer, tenant, and delivery access.; Former Shippenville Red & White grocery store building; 1,728 SF grocery store listed.
